Tesco, Aldi and Lidl hit back at farm inheritance tax

Quick Summary:

The OBR released new analysis that said that while its estimate that introducing the tax would raise £500m a year by 2029 was unchanged, it said the estimate was highly uncertain and that older farmers may struggle to reorganise their affairs to minimise the new costs.

It also said farmers may seek to limit their tax bills by "potentially running down the value of estates.

Tesco is Britain's biggest supermarket and together with Lidl and Aldi they make up around 45% of the British grocery market so their warnings on Wednesday will add to pressure on the government.

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Article Details

Category: Business

Markets: United Kingdom

Topics: Inheritance Farmers Changes Aldi Government Been British Farms Lidl Pause

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-22 @ 20:01:58 (13 hours ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 529 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 25346850

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Official Website: bbc.co.uk

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Year Established: 1922

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